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The Impact of Deregulation on the Production Structure of the Motor Carrier Industry

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  • McMullen, B Starr
  • Stanley, Linda R

Abstract

Empirical analysis of the motor carrier industry pre- and postregulatory reform reveals that deregulation resulted in significant changes in firm production structure and lower real average costs. Translog cost functions for firms operating in 1977 and 1983 were estimated and compared for "other specialized commodity" carriers. Fitted average costs were computed from these functions and real costs that cannot be attributed to technological changes but rather suggest efficiency gains. The results also suggest that it is inappropriate to predict outcomes of deregulation using empirical analyses of firms in the regulated environment. Copyright 1988 by Oxford University Press.

Suggested Citation

  • McMullen, B Starr & Stanley, Linda R, 1988. "The Impact of Deregulation on the Production Structure of the Motor Carrier Industry," Economic Inquiry, Western Economic Association International, vol. 26(2), pages 299-316, April.
    • Handle: RePEc:oup:ecinqu:v:26:y:1988:i:2:p:299-316
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    Cited by:

    1. Forkenbrock, David J., 1999. "External costs of intercity truck freight transportation," Transportation Research Part A: Policy and Practice, Elsevier, vol. 33(7-8), pages 505-526.
    2. Dimitris Christopoulos & John Loizides & Efthymios G. Tsionas, 2001. "Efficiency in European railways: Not as inefficient as one might think," Journal of Applied Economics, Universidad del CEMA, vol. 4, pages 63-88, May.
    3. Ovtchinnikov, Alexei V., 2016. "Debt decisions in deregulated industries," Journal of Corporate Finance, Elsevier, vol. 36(C), pages 230-254.
    4. McMullen, B. Starr, 1991. "Purchased Transportation and LTL Motor Carrier Costs: Possible Implications for Market Structure," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 31(2).
    5. Scheraga, Carl A., 2009. "The Relationship between Competitive Strategy Choice and the Components of Firm Efficiency in the General Freight Segment of the Motor Carrier Industry," 50th Annual Transportation Research Forum, Portland, Oregon, March 16-18, 2009 207602, Transportation Research Forum.
    6. Kevin E. Henrickson & Wesley W. Wilson, 2008. "Compensation, Unionization, and Deregulation in the Motor Carrier Industry," Journal of Law and Economics, University of Chicago Press, vol. 51(1), pages 153-177, February.
    7. Andrikopoulos, Andreas A. & Prodromidis, Kyprianos P. & Serletis, Apostolos, 1998. "Electoral and Partisan Cycle Regularities: A Cointegration Test," Journal of Policy Modeling, Elsevier, vol. 20(2), pages 119-140, April.
    8. Guasch, J Luis & Hahn, Robert W, 1999. "The Costs and Benefits of Regulation: Implications for Developing Countries," The World Bank Research Observer, World Bank, vol. 14(1), pages 137-158, February.
    9. McCarthy, Patrick S, 1995. "The 1982 Surface Transportation Assistance Act (STAA): Implications of relaxed truck weight and size limits for highway safety," Transport Policy, Elsevier, vol. 2(2), pages 107-117, April.
    10. Ovtchinnikov, Alexei V., 2010. "Capital structure decisions: Evidence from deregulated industries," Journal of Financial Economics, Elsevier, vol. 95(2), pages 249-274, February.
    11. SINGH K. Sanjay & RAGHAV Shalini, 2014. "A NOTE ON RELATIVE EFFICIENCY OF STATE TRANSPORT UNDERTAKINGS IN INDIA DURING 2000s," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 9(2), pages 87-97, August.
    12. Wong, Lawrence, 2001. "Measuring technological change in the U.S. motor carrier industry," Research in Transportation Economics, Elsevier, vol. 6(1), pages 25-54, January.
    13. McMullen, B. Starr & Tanaka, Hiroshi, 1992. "Structural Differences between large and small U.S. motor carriers following deregulation: Implications for market structure," Transportation Research Forum Proceedings 1990s 311887, Transportation Research Forum.
    14. Forkenbrock, David J., 2001. "Comparison of external costs of rail and truck freight transportation," Transportation Research Part A: Policy and Practice, Elsevier, vol. 35(4), pages 321-337, May.
    15. Singh, Sanjay K., 2014. "An inquiry into the cost structure of state transport undertakings in India," Transport Policy, Elsevier, vol. 32(C), pages 1-8.

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